8 bedroom detached for sale

£1,200,000 Guide Price

8

Bedrooms

5

Bathrooms

3

Reception

Floorplan

This is a unique and versatile home, presented to the market for the first time since 2004, the current owner has transformed it in 2016 to provide a spacious, main home with a substantial, independent annexe.

Description
Located in the desirable, sought out village of Failand, this is a unique and versatile home. Presented to the market for the first time since 2004, the current owner transformed it in 2016 to provide a spacious, main home with a substantial, independent annexe.Approaching the property, the drive offers parking for up to six cars, and has an attractive front garden, with evergreen shrubs and Maple trees. The main house opens into a large double height hall with a huge chandelier that leads through to open plan living/dining/kitchen with bi fold doors onto the rear garden, adjoining utility room and completed by a generous study and a downstairs WC. Upstairs are 5 double bedrooms, three of which have built in wardrobes and one a walk in closet and two with en-suite shower rooms and a large family bathroom.
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The annex, accessed via its own front door leads into a welcoming hallway leading into a fully fitted kitchen, with ceiling lantern and utility room, living room, dining room and large family bathroom. Upstairs there are three double bedrooms and family shower room. The houses are connected via an internal door upstairs.At the rear of the house is a generous patio area offering access from both the main house and annex, with both steps and a slope down to a mature, attractive garden mostly laid to lawn with a variety of plants, including roses, shrubs and small trees. Fully enclosed with side access from the driveway.
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This property offers a rare opportunity for potential buyers to acquire a substantial home. Currently established as two homes, with the annex set up as a successful airbnb or offering multi generational accommodation, it would also be possible, with necessary planning permission, to modify the house into one home or indeed convert it into two dwellings with no connecting door.
Location
Surrounded by rolling countryside, Failand is a sought after semi-rural small village that lies just a short distance south-west from Bristol City Centre and cosmopolitan Clifton Village. Fabulous country walks are easily accessed and it is close to two well respected golf courses and the beautiful Ashton Court Estate with its deer park and acres of open space ideal for walking, cycling or riding is within easy reach. There is a popular Public House serving good quality food, a village shop and village hall. Easy access to the M5 at J19 gives excellent transport links with an abundant choice of excellent schooling (both state and private) within the vicinity.


Features
  • Freehold

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 993950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 30000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 93950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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